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SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

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The purpose of this presentation is to provide the information on what the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa.

AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

Ramaphosa appoints Roelf Meyer as next ambassador to US

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President Cyril Ramaphosa has chosen Roelf Meyer, a former chief government negotiator during talks to end white minority rule in the 1990s, to be his country's next ambassador to the United States. "I can confirm that President Cyril Ramaphosa has appointed Mr Roelf Meyer as South Africa's Ambassador to the US," Ramaphosa's spokesperson Vincent Magwenya told Reuters on Tuesday.

IMF cuts South Africa’s growth outlook amid mounting war-linked energy crisis

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The International Monetary Fund (IMF) has cut its 2026 growth projection for the South African economy to only 1% from a January projection of 1.4%, as it warned that the outbreak of war in the Middle East threatened to throw the global economy off course and exact a high economic toll on many oil-importing countries. The IMF has also reduced the growth outlook for sub-Saharan Africa to 4.3% from 4.6%.

Diesel fuel costs, weaker rand to place pressure on inflation, export-competitiveness

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Financial brokerage and asset management firm EBC Financial Group (EBC) warns that the R3-a-litre levy cut will provide relief only for a month, while Brent-linked diesel costs and a weaker South African rand will continue to put pressure on inflation and South Africa’s export competitiveness. Official price calculations show why the levy cut is not designed to be a permanent offset when global inputs move quickly, the firm says.

Emira makes offer for a further 14.73% of Octodec’s shares

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JSE-listed real estate investment trust (Reit) Emira Property Fund has made a voluntary offer to shareholders of fellow listed Reit Octodec Investments to increase its shareholding in Octodec to 34.9%. The company has successfully acquired of 20.17% of Octodec’s ordinary shares through a series of off-market transactions.

Multi-country hydrogen-based iron-ore-to-green-steel breakthrough in Namibia

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A green hydrogen breakthrough in Namibia is opening the way for decarbonised steel using iron-ore of considerably lower grade. In an electrically powered hydrogen rotary kiln, 80 t of Australian iron-ore has been converted in climate‑neutral fashion into direct‑reduced iron (DRI) using ore with an iron content of around 56%, which is well below the typical 70% – and without the usual energy-intensive pelletising.
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